Maharashtra Budget 2016-17 Speech Highlights Live Telecast finance.maharashtra.gov.in information and details given here. Maharashtra is a state in the western region of India and is the nation’s third largest state by area and is also the world’s second-most populous sub-national entity. It has over 110 million inhabitants and its capital, Mumbai, has a population of approximately 18 million. Nagpur serves as second capital as well as winter capital of the state.

Mumbai is the capital of Maharashtra as well as the financial capital of the entire country. Nagpur is known as the auxiliary capital of the state. Also known as the wealthiest state, Maharashtra contributes around 15% of the industrial output of the country and around 14% of its gross domestic product.

In a first of its kind initiative, the state government has asked citizens to participate in the annual budget process and has sought suggestions on two aspects — innovative ways to increase the state’s revenue and how the state can cut down administrative expenses.

The finance department issued the order on Monday. It states citizens can write in their suggestion directly to the finance minister or additional chief secretary of finance and register it online, or send the suggestions by post.

Revenue minister Eknath Khadse, who also holds charge of the state excise department, said they were planning to set up a committee to come up with ways to plug loopholes and introduce new practices.

Though sufficient amount of money has been allocated to develop the Mumbai Metro-III rail project, it would have been good if the government had looked into certain other aspects concerning the citizens of Mumbai, it said.

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